It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:
Best Buy: "I'm going to tell you that I prefer GameStop to Best Buy. I think that is a much better situation."
Bristol-Myers Squibb: "Bristol-Myers is absolutely terrific! We know that. My charitable trust is trying to figure out how many drug stocks you can own going into what could be a weaker fourth quarter for industrials. But right now, we've just got a couple."
Lumber Liquidators: "No. Why mess around with that? We've got Home Depot. It's like the greatest company in that industry. We've got Lowe's Corp, we don't need to go down and try to roll the dice with a company like Lumber Liquidators."
New York Community Bancorp: "We've got high quality banks and this one is not as high quality of a bank. It just got hammered. How about Bank of America at $17. My charitable trust owns it, the stock is still down below where it was in 2011. That's the play."
Read more from Mad Money with Jim Cramer
Southwest Airlines: "Southwest, Delta are both terrific. There is a real bifurcation going on in that business right now. Some are doing well, some are doing badly and I like the one that you have."
J.C. Penney: "There are other retailers that I like more than that. I actually think Macy's is putting in a bottom, but I don't mind J.C. Penney I like the new management."